Canopy Growth
CGC
354 hedge funds and large institutions have $814M invested in Canopy Growth in 2019 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 129 increasing their positions, 91 reducing their positions, and 95 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 91
41% more call options, than puts
Call options by funds: $342M | Put options by funds: $242M
0.08% more ownership
Funds ownership: 0.93% → 1.02% (+0.08%)
13% less funds holding
Funds holding: 408 → 354 (-54)
37% less capital invested
Capital invested by funds: $1.3B → $814M (-$486M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
52% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$40.7M |
| 2 |
Morgan Stanley
New York
|
+$34.4M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$27.8M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$20.8M |
| 5 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
JW Asset Management
Miami Beach,
Florida
|
-$50.2M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$17.8M |
| 3 |
Janus Henderson Group
London,
|
-$10.4M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$9.8M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$6.31M |
CGC Hedge Fund Activity: Q3 2019 in Review
354 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Canopy Growth (CGC) for Q3 2019, worth a combined $814M — down 37% from $1.3B a quarter earlier.
Sellers outnumbered buyers: 95 funds closed out of CGC and 46 opened new positions — a net loss of 49 holders — while 91 trimmed existing stakes and 129 added.
The largest buyer was Susquehanna International Group, adding an estimated $40.7M. The largest seller was JW Asset Management, exiting entirely with an estimated $50.2M sold.
- 354 institutional investors held Canopy Growth (CGC) as of Q3 2019, down from 408 in Q2 2019.
- Funds reported $814M of Canopy Growth stock for Q3 2019, down 37% quarter-over-quarter.
- 46 funds opened new Canopy Growth positions in Q3 2019 and 95 closed out, a net change of -49 holders.
- The largest Canopy Growth buyer in Q3 2019 was Susquehanna International Group, an estimated $40.7M added.
- The largest Canopy Growth seller in Q3 2019 was JW Asset Management, an estimated $50.2M sold.
Based on aggregated 13F filings for Q3 2019.